Byron Bay, in New South Wales, is a highly sought-after location in the Australian housing market due to its stunning natural beauty, laid-back lifestyle, and vibrant community. The area is renowned for its pristine beaches, lush hinterlands, and an artistic culture that attracts both local and international visitors. In recent years, Byron Bay has seen a significant rise in property prices, driven by increased demand from buyers looking for a coastal lifestyle and a retreat from bustling city life. Homes in Byron vary from luxurious beachfront properties to quaint hinterland cottages, offering a diverse range of choices for potential homeowners. Despite the high property prices, the area's unique charm and enviable lifestyle continue to draw people to invest in real estate there.
Living in Byron Bay offers a blend of relaxation and cultural richness, making it an attractive option for families, retirees, and young professionals alike. The area is known for its vibrant arts and music scene, with numerous galleries, live performances, and local festivals that maintain the town's lively atmosphere. Outdoor enthusiasts enjoy the vast opportunities for surfing, hiking, and exploring the surrounding natural reserves. Furthermore, the community-oriented ambiance of Byron fosters a welcoming environment, where locals often engage in environmental and social initiatives. Overall, Byron Bay combines the allure of a picturesque setting with a community-driven spirit, providing an exceptional quality of life for its residents.
Median Weekly Rent | $565.00 |
Median Monthly Mortgage | $1733.00 |
Median Persons Per bed houseroom | 0.80 |
Average Household Size | 3.00 |
Average Age | 40.00 |
Average Income | $780.00 |
Average Cars Per Dwelling | 2.07 |
Average Properties Within 50M | 2 |
Typical 2 bed house | $1,548,000 |
Typical 3 bed house | $1,951,000 |
Typical 4 bed house | $2,314,000 |
Typical 5 bed house | $3,322,000 |
Typical 6 bed+ house | $3,666,000 |
Housing Stock
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Thinking about buying in Federal? Now could not be a better time, with just 372 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,239,000 with prices in this suburb ranging from $35,000 to $10,195,000. The aproximate distance to the coast is 10 Km.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Federal is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Federal changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Federal we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Federal a better buying opportunity than it may have been in the past.
Instant Property Valuation202 Federal Drive, Federal, NSW, 2480 | 4 | 3 | 6 | CONTACT NOEL AT CENTURY 21 |
Goonengerry Public School
Coorabell Public School
Eureka Public School
(While the above schools are located with the suburb of Federal there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 7.4 | 21.0 | 28.8 | 58.9 | 89.8 | 4.9 | 23.0 |
Feb | 8.4 | 21.1 | 28.9 | 59.0 | 91.3 | 4.7 | 21.0 |
Mar | 7.9 | 20.3 | 28.1 | 59.9 | 92.6 | 4.2 | 17.7 |
Apr | 5.9 | 17.0 | 25.8 | 55.5 | 91.7 | 3.8 | 16.5 |
May | 3.2 | 13.4 | 23.4 | 51.8 | 92.4 | 3.4 | 13.5 |
Jun | 4.1 | 11.6 | 21.2 | 54.5 | 92.4 | 3.5 | 12.0 |
Jul | 1.6 | 10.0 | 21.1 | 47.4 | 92.4 | 3.4 | 12.9 |
Aug | 1.3 | 10.4 | 22.6 | 42.7 | 92.2 | 3.6 | 15.9 |
Sept | 1 | 12.9 | 24.2 | 46.0 | 90.4 | 4.3 | 19.6 |
Oct | 4.0 | 15.9 | 25.2 | 54 | 90.0 | 4.6 | 21.9 |
Nov | 2.1 | 18.5 | 27.1 | 54.9 | 89.6 | 4.9 | 25.2 |
Dec | 6.4 | 20.1 | 28.2 | 58 | 90.5 | 4.7 | 24.5 |
source: Australian Government Bureau of Meteorology
29-10-2024 | $3,500,000 | 448 Binna Burra Road |
28-10-2024 | $1,180,000 | 47 Coorabell Road |
24-09-2024 | $1,900,000 | 4 Cooinda Place |
06-09-2024 | $2,220,000 | 154 Waltons Road |
30-08-2024 | $139,500 | 18 Coachwood Ct |
09-04-2024 | $450,000 | 756 Federal Drive |
25-03-2024 | $1,800,000 | 541 Binna Burra Road |
29-01-2024 | $3,700,000 | 816 Federal Drive |
10-01-2024 | $1,900,000 | 25 Roses Road |
08-12-2023 | $1,050,000 | 439 Federal Drive |
23-11-2023 | $1,775,000 | 28 Bougainvillea Drive |
08-11-2023 | $6,400,000 | 388 Repentance Creek Road |
04-10-2023 | $525,000 | 2 Coachwood Ct |
29-09-2023 | $2,050,000 | 17 Perlite Lane |
12-09-2023 | $1,900,000 | 496 Binna Burra Road |
21-06-2023 | $1,300,000 | 10 Roses Road |
26-05-2023 | $1,250,000 | 11 Coachwood Ct |
04-04-2023 | $1,785,000 | 4 / 19 Teak Road |
16-12-2022 | $2,100,000 | 9 Callistemon Drive |
02-12-2022 | $9,500,000 | 28 Blackbean Lane |
16-09-2022 | $1,625,000 | 14 Kings Road |
06-09-2022 | $1,900,000 | 825 Federal Drive |
11-08-2022 | $1,175,000 | 47 Callistemon Drive |
02-08-2022 | $1,200,000 | 1 Rosella Road |
09-06-2022 | $2,050,000 | 736 Federal Drive |
08-06-2022 | $2,500,000 | 911 Binna Burra Road |
05-05-2022 | $3,250,000 | 200 Federal Drive |
11-04-2022 | $1,500,000 | 19 Blackbean Lane |
25-03-2022 | $1,655,000 | 4 Coachwood Ct |
24-02-2022 | $2,875,000 | 63 Lizray Road |
07-02-2022 | $1,813,000 | 8 / 19 Teak Road |
03-12-2021 | $2,700,000 | 4 Macadamia Lane |
03-12-2021 | $4,650,000 | 189 Federal Drive |
18-11-2021 | $4,000,000 | 107 Bates Road |
20-10-2021 | $3,800,000 | 67 Bougainvillea Drive |
24-09-2021 | $2,815,000 | 573 Binna Burra Road |
16-09-2021 | $2,300,000 | 606 Federal Drive |
26-07-2021 | $910,000 | 1 Coachwood Ct |
01-07-2021 | $2,975,000 | 31 Lizray Road |
25-06-2021 | $960,000 | 10 Roses Road |
21-06-2021 | $1,750,000 | 451 Federal Drive |
17-05-2021 | $2,625,000 | 18 Teak Road |
26-04-2021 | $850,000 | 429 Federal Drive |
21-04-2021 | $750,000 | 46 Roses Road |
19-04-2021 | $1,775,000 | 2 Coorabell Road |
30-03-2021 | $1,640,000 | 4 Echidna Ct |
05-02-2021 | $2,700,000 | 41 Kings Road |
18-01-2021 | $2,190,000 | 8 Charltons Road |
18-01-2021 | $1,290,000 | 93 Kings Road |
15-01-2021 | $1,170,000 | 20 Roses Road |
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